Lubar News and Events

Bradley Distinguished Lecture Series

Upcoming Event:

The European Crisis and Central Bank Intervention: Is Long-Term Distress the Price of Short-Term Relief


Dr. Adam Lerrick
Visiting Scholar at the American Enterprise Institute
Formerly the Friends of Allan H. Meltzer Professor of Economics
Carnegie Mellon University

Thursday, May 2, 2013 

12:00 p.m. – 1:30 p.m. (Lunch included)
University Club
924 East Wells Street

Register Now

Europe’s crisis was caused by faulty government fiscal and economic policy. Yet, politicians have failed to take the necessary corrective action. Confronted with escalating financial market stress, the European Central Bank stepped beyond its mandate to restore stability. Its massive intervention follows a new activism espoused by the Federal Reserve, the Bank of England and the Bank of Japan. Faced with governments that are either unable or unwilling to resolve their nations’ economic problems, central banks have stepped into the void. But, is long-term distress the price of short-term relief? What are the implications for the United States and the global economy?

Dr. Adam Lerrick is a Visiting Scholar at the American Enterprise Institute. From 2001 to 2010, Dr. Lerrick was the Friends of Allan H. Meltzer Professor of Economics at the Tepper School of Business at Carnegie Mellon University. Dr. Lerrick originated and led the Argentine Bond Restructuring Agency that united the interests of 35,000 European retail investors to create the largest foreign creditor in the $100 billion Argentina debt restructuring.

From 2001 to 2007, Dr. Lerrick served as Advisor on International Economic Policy to the Joint Economic Committee of the Congress of the United States. He was separately Advisor on International Economic Policy to the Majority Leader of the House of Representatives of the U.S. Congress from 2001 to 2003. He acted as the Senior Advisor to the Chairman of the International Financial Institution Advisory (“Meltzer”) Commission of the U.S. government, where he analyzed the workings of the World Bank and reassessed its role in the global economy.

Formerly head of product development for the international capital markets at Salomon Brothers and then at Credit Suisse First Boston, Dr. Lerrick designed and executed pioneering instruments to meet the large-scale financing needs of many governments, among them, Germany, France, Belgium and Sweden.

Awarded a PhD in Economics with concentration in international and monetary economics from the Massachusetts Institute of Technology, Dr. Lerrick was named Institute Scholar. He graduated from Princeton University summa cum laude in Economics and as a member of Phi Beta Kappa.

For more information or to be added to our mailing list, please contact:
Debbie Roy
Sheldon B. Lubar School of Business
University of Wisconsin-Milwaukee
P.O. Box 742
Milwaukee WI 53201
Phone: 414-229-3824

Sponsored by UWM's Sheldon B. Lubar School of Business and the Lynde and Harry Bradley Foundation